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Microcap & Penny Stocks : KAFE (Country Star Restaurants)

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To: mogo who wrote (862)9/9/1999 9:56:00 AM
From: Will Gamble  Read Replies (1) of 876
 
Hello again to mogo.HARLEYFATBOY,tupac, and
anyone else who still owns shares of KAFE.

Now - I am CONFUSED!! Confused about who owns what.
Recent press releases give information that......

1. GOCA repurchased 4,5552,751 shares of it's
stock from KAFE (the payment for 92% of
the restaurant made in March)

2. GOCA will maintain ownership of 92% of the
common stock of KAFE.

I hold 2,175 shares of this fiasco and have not
received any news or any info from anyone except
posters on this thread.

9/26/99 I celebrate my 82nd birthday - have
played market for over 60 yrs. Have always
been notified of all transactions made in
my portfolio - nothing about the above.

The only conclusion that I can think of is
that the officers and/or directors of KAFE
held the 92% which is now owned by GOCA, and
ergo GOCA is now the majority holder of KAFE
and mogo's friend and your's truly and all
other non-officers who stil have shares
are the 8% minority holders of this relatively
small co. with an uncertain future.

Would appeciate having others opinions at this stage of the game.

Best regards and many thanks to all past present
and futures posters.

WILL GAMBLE
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